Ed, I have no idea. I'm so damn mad I'm buying here at $16.05, telling myself it can't possibly go back down to $15.25 like it did earlier. Insane. Me that is for buying.
Listen to the call. In the past I just thought Abdi was being coy. Now he talks with confidence about having a 70% market share in China and no profit! Unbelievable to the common stockholder. If anyone finds redeeming value in this call, please post it. That was painful; I felt embarrassed for them, like they don't understand how to run a business.
Not if you're listening to the conference call. Just awful. Everything is out in the future again - but big inventory write down, no profit yet a 70% market share in China.
Listening to the conference call I get the feeling that their business is spinning out of control, driven by this desire for market share. It is wagging the business and they are not getting the handle on it.
This has always been the thought since INVN brought Abdi in. He sold his previous company where he was CEO. It's just a matter of time. Buy out should be in the $30's but who knows when.
Very significant board appointments today. One out of Intel in platform engineering, the other out of Wall St M&A.
Ed, I've been a terrible predictor of this stock's price. On the other hand I love the company and what it has achieved. Rationally, if they hit $90+m in revenue, .18+ eps and guide to over $100m in Dec I would think the stock would zoom to $25.
GTAT better pick up the pace and settle with the creditors and shareholders if it wants to keep the company going. If the US Trustee and the New Hampshire AG are saying the Apple/GTAT deal is illegal and they get involved and take this over then the Apple/GTAT secrecy pact will never hold.
This time INVN gets that $5 back. On Sept 19, as it was confirmed INVN was in the new iPhones, Baird came out with the below listed hatchet job and showed their colors as a sell side analyst on INVN:
"NEW YORK (TheStreet) -- InvenSense (INVN) was falling 7.5% to $21.62 Monday after Robert W. Baird downgraded the chipmaker to "neutral" from "outperform."
The analyst firm lowered its price target for the company to $23 from $30. Major smartphone manufacturers could be switching to a dual-source strategy for gyroscopes and other components, according to Baird analysts.
Baird analysts noted that smartphone manufacturers could start sourcing more components from competitor STMicroelectronics (STM) .
The downgrade comes days after a teardown of the new iPhone 6 and iPhone 6 Plus showed that both new smartphones use a 6-axis InvenSense gyroscope and accelerometer. Previous iPhone models used motion sensors from STMicroelectronics."
What kind of dual sourcing strategy is it when you displace your chief competitor. But it worked for shorts then. I think their little game is over.
Not if buyers come on in droves. Actually shorts can cheat at this in so many ways. The question is would they want to throw good money after bad. I think there are convertible bonds out there that allow the holders to short before converting. That is most likely a good piece of this. Otherwise there is not a solid fundamental reason why you would pull INVN down here. Serious shorts use the weight of 30% short to scare off longs, over and over by the way. They buy it back and start again. So this time looks like INVN is in line for a serious run back to $26+. But then again, what do I know.
Zacks By Zacks Equity Research
1 hour ago
Why a Likely Positive Surprise?
Our proven model shows that InvenSenseis likely to beat earnings because it has the right combination of two key ingredients.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, stands at +10.0%. This is very meaningful and a leading indicator of a likely positive earnings surprise for shares.
Zacks Rank: InvenSensehas a Zacks Rank #2 (Buy). Note that stocks with a Zacks Rank #1, 2 or 3 have a significantly higher chance of beating earnings estimates. The Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
The combination of InvenSense’s Zacks Rank #2 and +10.00% ESP makes us reasonably confident in looking for a positive earnings beat.
What is Driving the Better-than-Expected Earnings?
InvenSense’s new products, design wins with its 6-axis MotionTracking Solutions and 2-axis OIS products, solid execution and cost control measures are expected to result in a positive earnings surprise in the upcoming quarter.
Additionally, with technological advancements, demand for smartphones, tablets, console and portable video gaming devices, digital still and video cameras, smart televisions, 3D mice, and navigation devices are growing exponentially. InvenSense’s chips target all these categories and hence we believe that its product demand would experience a ramp up.
Rosario, whenever you produce 400m of anything you have a commodity. What's good about INVN's chips is that they are valued by the customers of INVN for more function (software & algorithms), price (due to the fabless mfgr model) and power consumption (at least 1/3 lower than the closest competitor.) Having an edge in one of those categories could be "close." Having an edge in all three makes it a chip of choice - labeled or not.
Anytime it was rallying today shorts immediately stepped in and threw stocks on at lower than bids.